First published in 1984, this textbook analyses, at both aggregate and micro economic levels, the contemporary industrial conditions in Third World countries and relates this to the process of economic growth and structural transformation.

Drawing upon both industrial and development economics, the authors offer a comprehensive and integrated treatment of the different levels of industrial analysis in less developed countries, alongside a wealth of comparative data on industrial structure, business concentration and behaviour, and industrial policies in a cross-section of countries in Africa, Asia, the Far East and Latin America.